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Ukraine Faces Deepening Power Shortages After Russian Strikes

A resident shows a journalist where a Russian drone struck the roof of an apartment building, depriving its residents of water, heat and electricity, in Kyiv. Ukraine is confronting one of its most severe energy shortfalls since the start of the full‑scale invasion, with the country currently able to supply only about 60% of its electricity needs. A new wave of Russian missile and drone attacks has heavily damaged power plants and transmission infrastructure across multiple regions, pushing the grid to the brink. Officials report that nearly every major power‑generating facility has been hit in recent weeks. Cities such as Kyiv, Kharkiv, Odesa, and Dnipro have experienced rolling blackouts, leaving millions of residents coping with limited heating, lighting, and communications during the winter season. Ukraine’s government has warned that the situation remains extremely challenging. Engineers are working around the clock to repair damaged facilities, but repeated strikes have slowed...
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Honda Faces Profit Decline and EV Project Delay Amid U.S. Tariffs


Honda Motor Co. has announced a significant shift in its financial outlook, forecasting a 59% drop in full-year profit due to the impact of U.S. tariffs on foreign-made automobiles. The Japanese automaker, which had previously unveiled plans to establish an EV supply chain in Canada, has now decided to postpone the project for approximately two years.

The decision comes as Honda navigates a challenging global automotive landscape, marked by rising competition from Chinese EV manufacturers and uncertainty surrounding trade policies. The company had initially planned to build four new manufacturing plants in Ontario, including an electric vehicle assembly facility and a battery manufacturing plant. However, the slowdown in EV demand has prompted Honda to reassess its investment strategy.

Honda’s Chief Executive, Toshihiro Mibe, emphasized the importance of strategic partnerships in overcoming industry challenges, stating that the company will continue to explore new avenues for growth. Despite the setback, Honda remains committed to its long-term vision of expanding its EV portfolio and adapting to evolving market conditions.

The postponement of Honda’s Canadian EV project highlights the broader impact of trade policies on global automakers, as companies strive to balance profitability with innovation in an increasingly competitive market.

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